$215,000
●
Condo -
Off Market
601 Mitchell Drive #407
Myrtle Beach, SC 29577
2 Beds
2 Baths
1,050 Ft²
$1,676
Est. Monthly
$620
HOA / Fees
4.77%
Cap Rate
About This Property
1 block from the beach! Fully furnished 2 bedroom, 2 full bath
condo on the 4th floor with elevator. This unit has been used for a
short term rental for the last 4+ years. In unit laundry with
washer and dryer. The new owner could move right in with
personal belongings or immediately start producing income
continuing with the rental platform already in place. LVP and tile
flooring for easy cleaning. The front room has an adjustable base
queen size bed, black out curtains and sturdy furniture. The back
bedroom has a queen size bed, a sofa, black out curtains, walk in
closet and the sturdy furniture needed for STR. Shaker cabinets,
granite and SS appliances in kitchen with breakfast bar. The dining
area leads to the living room with large sectional sofa and
electric fireplace. A great view from the balcony for people
watching and even a glimpse of the water! Inground pool, hot tub
and tennis courts. Walk to restaurants and more! Contact agent
owner for more info!
Unit Size
1,050 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$205
Property Type
Condo
Property Taxes
-
HOA Dues
$620
Year Built
1978
Payment Calculator
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Cap Rate Calculator
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Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 8 months ago (CANOPYMLS #CAR4273045)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 18, 2026 | Sold | ||
| Sold | |||
| Jan 16, 2026 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Listed by Lantern Realty & Development LLC | $215,000 | |
| Listed by Lantern Realty & Development LLC | |||
| Dec 3, 2020 | Sold | ||
| Sold | |||
| Sep 10, 2020 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Elevator
Air Conditioning
Fireplace
With View
Parking Details
Parking Features: Parking Lot
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Open Floorplan, Storage, Walk-In Closet(s)
Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer, Washer/Dryer
Flooring Type: Laminate, Tile
Laundry Features: In Unit
Has Fireplace
Fireplace Features: Electric, Living Room, Other - See Remarks
Exterior Details
Has Property Attached
Square Footage: 1050
Year Built: 1978
Waterfront Features: Beach - Private
Levels: One
Construction Materials: Other - See Remarks
Patio and Porch Features: Balcony
Pool Features: In Ground
Pool is Private
Lot Size Area: 0.24
Lot Size Units: Acres
Lot Size Acres: 0.24
Lot Size Square Feet: 10454.4
Water Source: City
Financial Details
Tax Assessed Value: $180,205
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Spa/Hot Tub, Picnic Area
HOA Fee: $620
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/19/2025
|
2 Bed
|
2 Bath
|
1050 ft²
|
$215,000
2 Bed
2 Bath
1050 ft²
|
$215,000
02/18/2026
|
April Bird
Lantern Realty & Development LLC
| |
|
05/15/2024
|
2 Bed
|
2 Bath
|
-
|
$234,900
2 Bed
2 Bath
|
-
-
|
Boyd Team
BRG Real Estate
| |
|
04/26/2024
|
2 Bed
|
2 Bath
|
-
|
$218,900
2 Bed
2 Bath
|
-
-
|
Patricia Taylor
CENTURY 21 Boling & Associates
| |
|
04/12/2024
|
2 Bed
|
2 Bath
|
-
|
$229,900
2 Bed
2 Bath
|
-
-
|
Russeling the Beach Team
BRG Real Estate
| |
|
04/01/2024
|
2 Bed
|
2 Bath
|
-
|
$219,000
2 Bed
2 Bath
|
-
-
|
Ryeisa Bell
CENTURY 21 Broadhurst & Associ
| |
|
03/04/2024
|
2 Bed
|
2 Bath
|
-
|
$235,000
2 Bed
2 Bath
|
-
-
|
Jordan Rye
CENTURY 21 CIRCLE
| |
|
02/28/2024
|
2 Bed
|
2 Bath
|
-
|
$225,000
2 Bed
2 Bath
|
-
-
|
Deborah Beckman
Ocean Front Guru Real Estate
| |
|
02/09/2024
|
2 Bed
|
2 Bath
|
-
|
$248,000
2 Bed
2 Bath
|
-
-
|
The Mills Group
Century 21 Barefoot Realty
| |
|
02/05/2024
|
2 Bed
|
2 Bath
|
-
|
$247,900
2 Bed
2 Bath
|
-
-
|
Patricia Taylor
CENTURY 21 Boling & Associates
| |
|
01/30/2024
|
2 Bed
|
2 Bath
|
-
|
$259,000
2 Bed
2 Bath
|
-
-
|
Jerry String
Realty ONE Group DocksideSouth
| |
|
01/26/2024
|
3 Bed
|
2 Bath
|
-
|
$324,900
3 Bed
2 Bath
|
-
-
|
Boyd Team
BRG Real Estate
| |
|
01/12/2024
|
2 Bed
|
2 Bath
|
-
|
$239,000
2 Bed
2 Bath
|
-
-
|
The Mills Group
Century 21 Barefoot Realty
| |
|
01/03/2024
|
2 Bed
|
2 Bath
|
-
|
$218,900
2 Bed
2 Bath
|
-
-
|
Kent Covington
Century 21 The Harrelson Group
| |
|
01/03/2024
|
2 Bed
|
2 Bath
|
-
|
$259,000
2 Bed
2 Bath
|
-
-
|
Samantha Lake
Realty ONE Group Dockside
| |
|
12/01/2023
|
2 Bed
|
2 Bath
|
-
|
$235,000
2 Bed
2 Bath
|
-
-
|
The Equity Team
CRG Real Estate
| |
|
12/01/2023
|
2 Bed
|
2 Bath
|
-
|
$265,000
2 Bed
2 Bath
|
-
-
|
The Equity Team
CRG Real Estate
| |
|
10/17/2023
|
3 Bed
|
2 Bath
|
-
|
$349,000
3 Bed
2 Bath
|
-
-
|
Jerry String
Realty ONE Group DocksideSouth
| |
|
10/11/2023
|
2 Bed
|
2 Bath
|
-
|
$274,900
2 Bed
2 Bath
|
-
-
|
Frank Causey Team
Realty ONE Group DocksideSouth
| |
|
07/26/2023
|
2 Bed
|
2 Bath
|
-
|
$239,000
2 Bed
2 Bath
|
-
-
|
Adam Hayes
CENTURY 21 Broadhurst & Associ
| |
|
07/20/2023
|
2 Bed
|
2 Bath
|
-
|
$234,900
2 Bed
2 Bath
|
-
-
|
Brian Piercy
Real Estate Modo Inc
| |
|
01/21/2023
|
3 Bed
|
2.5 Bath
|
-
|
$450,000
3 Bed
2.5 Bath
|
$438,000
-2.67%
03/20/2023
|
Debbie Scott
Coastal Real Estate Pros
| |
|
05/29/2022
|
2 Bed
|
2 Bath
|
-
|
$240,000
2 Bed
2 Bath
|
-
-
|
Russeling the Beach Team
BRG Real Estate
| |
|
04/07/2022
|
2 Bed
|
2 Bath
|
-
|
$234,900
2 Bed
2 Bath
|
$219,900
-6.39%
06/29/2022
|
Serdar "Max" Kilic
Century 21 The Harrelson Group
| |
|
03/07/2022
|
2 Bed
|
2 Bath
|
-
|
$199,900
2 Bed
2 Bath
|
$198,000
-0.95%
04/14/2022
|
Serdar "Max" Kilic
Century 21 The Harrelson Group
| |
|
02/25/2022
|
2 Bed
|
2 Bath
|
-
|
$199,900
2 Bed
2 Bath
|
-
-
|
Serdar "Max" Kilic
Century 21 The Harrelson Group
| |
|
02/24/2022
|
2 Bed
|
2 Bath
|
-
|
$234,900
2 Bed
2 Bath
|
-
-
|
Celene Toth
BRG Real Estate
| |
|
11/08/2021
|
3 Bed
|
2 Bath
|
-
|
$239,900
3 Bed
2 Bath
|
-
-
|
Brett Stroud
Century 21 Stopper &Associates
| |
|
10/20/2021
|
3 Bed
|
2 Bath
|
-
|
$229,900
3 Bed
2 Bath
|
-
-
|
Joel Barber Team
Century 21 The Harrelson Group
| |
|
10/02/2021
|
2 Bed
|
2 Bath
|
-
|
$179,900
2 Bed
2 Bath
|
-
-
|
Bruce Robinson
Shoreline Realty
| |
|
09/13/2021
|
2 Bed
|
2 Bath
|
-
|
$167,000
2 Bed
2 Bath
|
-
-
|
Adam Hayes
CENTURY 21 Broadhurst & Associ
| |
|
08/11/2021
|
2 Bed
|
2 Bath
|
-
|
$179,900
2 Bed
2 Bath
|
-
-
|
Nathan Cook
BRG Real Estate
| |
|
07/14/2021
|
3 Bed
|
2 Bath
|
-
|
$224,900
3 Bed
2 Bath
|
-
-
|
Joel Barber Team
Century 21 The Harrelson Group
| |
|
06/28/2021
|
2 Bed
|
2 Bath
|
-
|
$180,000
2 Bed
2 Bath
|
-
-
|
Nicole Queen
CRG Real Estate
| |
|
04/13/2021
|
3 Bed
|
3 Bath
|
-
|
$339,000
3 Bed
3 Bath
|
$342,000
+0.88%
06/02/2021
|
Stephanie Lester
| |
|
02/23/2021
|
2 Bed
|
2 Bath
|
-
|
$142,000
2 Bed
2 Bath
|
-
-
|
-
| |
|
11/16/2020
|
2 Bed
|
2 Bath
|
-
|
$168,000
2 Bed
2 Bath
|
$137,500
-18.15%
06/30/2021
|
Sondra Houghton
| |
|
11/20/2020
|
2 Bed
|
2 Bath
|
-
|
$172,900
2 Bed
2 Bath
|
$160,000
-7.46%
01/22/2021
|
Brian White
| |
|
10/11/2020
|
2 Bed
|
2 Bath
|
-
|
$153,000
2 Bed
2 Bath
|
-
-
|
-
| |
|
09/22/2020
|
3 Bed
|
2 Bath
|
-
|
$192,900
3 Bed
2 Bath
|
-
-
|
-
| |
|
09/21/2020
|
2 Bed
|
2 Bath
|
-
|
$165,500
2 Bed
2 Bath
|
-
-
|
Ryan Korros Team
RE/MAX Southern Shores
| |
|
09/08/2020
|
2 Bed
|
2 Bath
|
-
|
$139,900
2 Bed
2 Bath
|
$110,000
-21.37%
08/02/2021
|
Beth Campbell
| |
|
08/08/2020
|
2 Bed
|
2 Bath
|
-
|
$179,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
04/09/2020
|
2 Bed
|
2 Bath
|
-
|
$130,000
2 Bed
2 Bath
|
$98,000
-24.62%
09/10/2020
|
Beth Campbell
| |
|
02/16/2020
|
2 Bed
|
2 Bath
|
-
|
$144,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
02/10/2020
|
2 Bed
|
2 Bath
|
-
|
$167,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
01/20/2020
|
3 Bed
|
2 Bath
|
-
|
$175,000
3 Bed
2 Bath
|
-
-
|
-
| |
|
01/16/2020
|
3 Bed
|
3 Bath
|
-
|
$359,900
3 Bed
3 Bath
|
-
-
|
-
| |
|
11/21/2019
|
2 Bed
|
2 Bath
|
-
|
$165,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
08/28/2019
|
2 Bed
|
2 Bath
|
-
|
$149,900
2 Bed
2 Bath
|
$135,000
-9.94%
11/01/2019
|
TJ O'Brien Jr
| |
|
02/14/2019
|
3 Bed
|
2 Bath
|
-
|
$165,000
3 Bed
2 Bath
|
-
-
|
-
| |
|
02/08/2019
|
2 Bed
|
2 Bath
|
-
|
$119,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
12/03/2018
|
2 Bed
|
2 Bath
|
-
|
$139,900
2 Bed
2 Bath
|
-
-
|
-
| |
|
09/26/2018
|
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
| |
|
09/24/2018
|
2 Bed
|
2 Bath
|
-
|
$99,900
2 Bed
2 Bath
|
$91,500
-8.41%
09/12/2019
|
Scott Weaver
| |
|
08/30/2018
|
2 Bed
|
2 Bath
|
-
|
$175,000
2 Bed
2 Bath
|
-
-
|
-
| |
|
08/30/2018
|
3 Bed
|
2 Bath
|
-
|
$197,000
3 Bed
2 Bath
|
-
-
|
-
| |
|
08/23/2018
|
1 Bed
|
1 Bath
|
-
|
-
1 Bed
1 Bath
|
-
-
|
-
| |
|
08/17/2018
|
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
| |
|
07/16/2018
|
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
| |
|
06/06/2018
|
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
| |
|
05/16/2018
| |
2 Bed
|
2 Bath
|
-
|
$114,900
2 Bed
2 Bath
|
$90,000
-21.67%
03/14/2019
|
Chris Kavanagh
|
|
05/16/2018
|
2 Bed
|
2 Bath
|
-
|
-
2 Bed
2 Bath
|
-
-
|
-
| |
|
07/29/2017
| |
3 Bed
|
2 Bath
|
-
|
-
3 Bed
2 Bath
|
-
-
|
-
|
Building Info
About Myrtle Beach
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: April Bird, Lantern Realty & Development LLC
Last Updated: 8 months ago
Data Source: CANOPYMLS, MLS# CAR4273045
Last Updated: 8 months ago
Data Source: CANOPYMLS, MLS# CAR4273045
Details provided by CANOPYMLS as Distributed by MLS Grid and may not match the public record.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017